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Pending
  • Price cut: $5K (5/5)
    $445,000

    245 S 500 E, Provo, UT 84606

    3beds
    1,840sqft
    : 
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    Single Family Residence
    Built in 1924
    8,276 Square Feet Lot
    $437,400 Zestimate®
    $242/sqft
    $-- HOA

    What's special

    Welcome Home! Whether you are looking for a delightful house that you can transform into your very own home complete with basement mother-in-law apartment or a reliable source of generating rental income to assist with the financial dynamics of ownership. Or perhaps you're investment minded and looking to generate lasting wealth by curating this profitable investment asset complete with immense value and untapped potential to launch or fortify your growing portfolio. located less than 5 minutes away from the BYU Campus providing a virtual unending supply of potential tenants. No matter if You, or Your Tenants are looking to live in a warm and inviting home environment indoors, or taking in a private moment to kick the ball, throw the frisbee, play with the dog, or even immerse yourself in the tranquility of creativity by taking time to paint or throw pottery in the Art Shed nestled within the confines of the secluded back yard. Then when it's time to get out for an evening on the town you or your tenants are only 3 minutes away from the vibrant culture of Downtown Provo replete with numerous restaurants to satisfy any taste and numerous activities that are sure to invigorate the mind. With all the foregoing it is easy to see that this property is amply prepared to provide memories to last a lifetime. If this is the type of environment you are looking for personally or are hoping to provide for your valued tenants then you are hereby invited to consider taking the opportunity to make this ideal residence your very own.. As far as the facts go this property has boasted a solid history of quality tenants. Main Floor Tenants have vacated due to not knowing if the Buyer would be an Investor or an Owner Occupied Buyer. However Rent rate was $1800. Basement tenant just renewed Lease on a Month-to-Month Basis at $1,000.00 a month and would like to secured a long term lease if the new owner will allow, but the month-to-month arrangement ensures that if having a basement tenant is not needed/wanted, notice can be given and tenant would be moved out likely by close of escrow. This property has been pre-inspected by one of the very best Home Inspectors in the entire State of Utah to ensure that this property is in excellent condition, free of any surprises, which report will gladly be shared with any valid accepted offer with a desire to help any ready willing and able buyer make a more informed decision in the purchasing process. What is more, the roof has recently been replaced, and the owner has continued to invest in considerable improvements in the property which are detailed in the supplementary paperwork. Main level is vacant. Kindly provide 24 hour notice prior to any showing requests for the basement. However, don't let that stop you from reaching out to arrange an easy, convenient and private showing today. All information herein is deemed reliable but is not guaranteed. Buyer is therefore responsible to verify all listing information, including square footage/acreage, to Buyer's own satisfaction.
    209 days
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    238
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    13
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jordyn Archer 801-509-9000,

    Berkshire Hathaway HomeServices Elite Real Estate

    Source: UtahRealEstate.com,MLS#: 2125688MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bedrooms: 2
      Rooms
      • Room types: Second Kitchen
      Primary bedroom
      • Level: First
      Heating
      • Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Free-Standing Range
      Features
      • In-Law Floorplan
      • Windows: Drapes, Part
      • Basement: Partial,Basement Entrance
      • Number of fireplaces: 1
      Interior area
      • Total structure area: 1,840
      • Total interior livable area: 1,840 sqft
      • Finished area above ground: 1,152
      • Finished area below ground: 688

      Property

      Parking
      • Total spaces: 3
      • Parking features: Covered, RV Access/Parking
      • Carport spaces: 1
      • Uncovered spaces: 2
      Features
      • Stories: 2
      • Patio & porch: Covered, Covered Patio
      • Fencing: Full
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 8,276 Square Feet
      • Features: Curb & Gutter, Sprinkler: Manual-Part
      • Topography: Terrain
      • Residential vegetation: Fruit Trees, Landscaping: Full, Vegetable Garden
      Details
      • Parcel number: 050520027
      • Zoning: RES
      • Zoning description: Single-Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Rambler/Ranch
      • Property subtype: Single Family Residence
      Materials
      • Roof: Asphalt
      Condition
      • Blt./Standing
      • New construction: No
      • Year built: 1924
      • Major remodel year: 1999

      Utilities & green energy

      • Sewer: Public Sewer, Sewer: Public
      • Water: Culinary
      • Utilities for property: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Sidewalks
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Provo

      Financial & listing details

      • Price per square foot: $242/sqft
      • Tax assessed value: $445,500
      • Annual tax amount: $2,487
      • Date on market: 11/28/2025
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Acres allowed for irrigation: 0
      • Electric utility on property: Yes

        Estimated market value

        $437,400

        $416,000 - $459,000

        $2,455/mo

        Price history

        DateEventPrice
        6/18/2026Pending sale$445,000$242/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        5/5/2026Price change$445,000-1.1%$242/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        4/18/2026Price change$450,000-1.1%$245/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        4/6/2026Price change$455,000-2.2%$247/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        4/4/2026Price change$465,000-2.1%$253/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        3/24/2026Price change$475,000-1%$258/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        3/11/2026Price change$480,000-1%$261/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        3/5/2026Price change$485,000-1%$264/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        2/26/2026Price change$490,000-1%$266/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        2/19/2026Price change$495,000-1%$269/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        2/9/2026Price change$500,000-0.6%$272/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        1/31/2026Price change$503,000-0.3%$273/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        1/27/2026Price change$504,500-0.3%$274/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        1/20/2026Price change$506,000-0.3%$275/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        1/12/2026Price change$507,500-0.3%$276/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        1/7/2026Price change$509,000-0.3%$277/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        1/1/2026Price change$510,500-0.3%$277/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        12/29/2025Price change$512,000-0.3%$278/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        12/23/2025Price change$513,500-0.3%$279/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        12/5/2025Price change$515,000+17%$280/sqft
        Source: UtahRealEstate.com #2125688 Report a problem
        1/27/2024Pending sale$440,000$239/sqft
        Source: UtahRealEstate.com #1973963 Report a problem
        1/25/2024Price change$440,000-2.2%$239/sqft
        Source: UtahRealEstate.com #1973963 Report a problem
        1/5/2024Listed for sale$450,000+58%$245/sqft
        Source: UtahRealEstate.com #1973963 Report a problem
        7/25/2019Sold--
        Source: Agent Provided Report a problem
        6/7/2019Listed for sale$284,900$155/sqft
        Source: RANLife Real Estate #1603994 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,489 -3%$445,500 -1.6%
        2023$2,566 +6.5%$452,700 +5.6%
        2022$2,410 +35.1%$428,800 +156%
        2021$1,784 +3.7%$167,475 -39.2%
        2020$1,721 +7.4%$275,300 +87.7%
        2019$1,603 +19.6%$146,685 -38.9%
        2018$1,340 +16.3%$240,100 +93.2%
        2017$1,152 $124,245 +24.8%
        2016$1,152 +9.5%$99,550 +8.4%
        2015$1,052 +13%$91,850 +8.4%
        2014$930 $84,700 +5.6%
        2013-- $80,190 +11.1%
        2012-- $72,160 -14.2%
        2009-- $84,150 -1.1%
        2008-- $85,085 -3%
        2007-- $87,725 +18.6%
        2006-- $73,975 +5%
        2005-- $70,470
        2003-- $70,470 -45%
        2001$735 +9.9%$128,128 +102%
        2000$668 $63,434

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Maeser

        Getting around

        68 / 100
        Somewhat Walkable
        47 / 100
        Some Transit
        76 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Provo Peaks
        • Middle: Centennial
        • High: Provo
        • District: Provo

        Source: UtahRealEstate.com. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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